Texas Statutes
§ 942.151 — SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS.
Texas § 942.151
JurisdictionTexas
Code INInsurance Code
This text of Texas § 942.151 (SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 942.151 (2026).
Text
Sec. 942.151. SUBSCRIBER LIABILITY FOR CERTAIN CONTINGENT PREMIUMS.
(a)Except as provided by Section 942.152 and Subsection (b), if a certificate of authority is issued as provided by Subchapter C, the power of attorney or other authorization executed by the subscribers must provide that, in addition to the premium or premium deposit specified in the reciprocal or interinsurance contract, the subscribers are liable for a contingent premium equal to one additional annual premium or premium deposit.
(b)If the subscribers and their attorney in fact are authorized to issue reciprocal or interinsurance contracts for cash premiums only, the power of attorney or other authorization may waive all contingent premiums.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 942.001
DEFINITIONS.§ 942.052
SECURITY REQUIREMENTS.§ 942.053
SUBSCRIBER DECLARATION.§ 942.054
NAME OF EXCHANGE.§ 942.055
OFFICE LOCATIONS.§ 942.153
PRIOR AUTHORITY NOT AFFECTED.§ 942.155
FINANCIAL REQUIREMENTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 942.151, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/942.151.